jj1 Posted August 24, 2009 Report Share Posted August 24, 2009 Current Debt http://zfacts.com/p/461.htmlHow much is a Trillion you ask!?!http://www.boreme.com/boreme/funny-2009/how-much-is-a-trillion-dollars-p1.phpI dont feel so good.... Quote Link to comment Share on other sites More sharing options...
magley64 Posted August 24, 2009 Report Share Posted August 24, 2009 Seriously, who cares? we're never going to pay it. and we're all going to be dead long before it matters... Quote Link to comment Share on other sites More sharing options...
jbot Posted August 24, 2009 Report Share Posted August 24, 2009 lolwut Quote Link to comment Share on other sites More sharing options...
Goldie Posted August 24, 2009 Report Share Posted August 24, 2009 Seriously, who cares? we're never going to pay it. and we're all going to be dead long before it matters...My thoughts exactly! My kids wont even have to worry about it because it won't even be paid in their lifetime. Quote Link to comment Share on other sites More sharing options...
wrillo Posted August 24, 2009 Report Share Posted August 24, 2009 those suckas will always be poor cause they're just gonna keep on thinking we'll pay them... but we're not! Its the best "not" joke EVAR! Quote Link to comment Share on other sites More sharing options...
The King Posted August 25, 2009 Report Share Posted August 25, 2009 It does matter....Why Do Debts and Deficits Matter? Americans owing money to one another is not worrisome. But Americans selling public debt to foreign countries, and adding to the debt at a rapid clip, is worrisome. Those who are holding dollar securities must be noticing that the value of these securities has declined seriously.Meanwhile, U.S. consumers must eventually pay substantially more for imports. That must put an upward pressure on the CPI. We could be back to the 1970s problem of simultaneously rising unemployment and rising inflation, and therefore a rising Misery Index. The U.S. Misery Index hit a high of 22 percent in June 1980. Right now it is down to 5.6 percent. Quote Link to comment Share on other sites More sharing options...
magley64 Posted August 25, 2009 Report Share Posted August 25, 2009 It does matter.... Why Do Debts and Deficits Matter? Americans owing money to one another is not worrisome. But Americans selling public debt to foreign countries, and adding to the debt at a rapid clip, is worrisome. Those who are holding dollar securities must be noticing that the value of these securities has declined seriously.They must not be worried about it since their investment is GROWING...Worry about it if you want...personally I'm pretty relaxed...you go ahead and raise your blood pressure over every little problem...Meanwhile, U.S. consumers must eventually pay substantially more for imports. That must put an upward pressure on the CPI. We could be back to the 1970s problem of simultaneously rising unemployment and rising inflation, and therefore a rising Misery Index. The U.S. Misery Index hit a high of 22 percent in June 1980. Right now it is down to 5.6 percent.So what?That means AMRICAN MADE products become more competetive...(bad thing?)there is NO link between the national debt and unemplyment...or national debt and your "misery index" Quote Link to comment Share on other sites More sharing options...
dustinsn3485 Posted August 25, 2009 Report Share Posted August 25, 2009 Misery loves company. Quote Link to comment Share on other sites More sharing options...
Mr Anderson Posted August 25, 2009 Report Share Posted August 25, 2009 Seriously, who cares? we're never going to pay it. and we're all going to be dead long before it matters... Quote Link to comment Share on other sites More sharing options...
jbot Posted August 25, 2009 Report Share Posted August 25, 2009 you know we have to pay interest on that $11,000,000,000,000 to the people that own the debt.you realize that the payments we make on only SOME of the interest we owe (that's right, we almost never have enough to cover all of JUST the interest) is one of the largest expenditures of the money the fed gov spends with our tax dollars.why don't we care? is it because we are arrogant, and frankly, ignorant of the magnitude of this problem? surely not. Quote Link to comment Share on other sites More sharing options...
Not Dark Yet Posted August 25, 2009 Report Share Posted August 25, 2009 I will pay it off as soon as I get this global warming thing under control. Quote Link to comment Share on other sites More sharing options...
jj1 Posted August 25, 2009 Author Report Share Posted August 25, 2009 I will pay it off as soon as I get this global warming thing under control.well hell if you gots that kinda money floating around... wanna adopt me? Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted August 25, 2009 Report Share Posted August 25, 2009 I will pay it off as soon as I get this global warming thing under control.You're not pulling all the strings fast enough then. Quote Link to comment Share on other sites More sharing options...
gearman Posted August 25, 2009 Report Share Posted August 25, 2009 The interest on $11 trillion is probably pretty close to our annual defense budget. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.